From an editorial in today’s WSJ: The facts about capital gains rates and revenues are well known to our readers, but we’ll repeat them as a public service to the Obama campaign. As the nearby chart shows, when the tax rate has risen over the past half century, capital gains realizations have fallen and along [...]
Commenter common sense writes, apropos of my intemperate anti-Charlie Gibson screed: You don’t know of any SERIOUS economist who agrees that cutting capital gains increases revenue? Not one? I guess you use the word serious to mean ‘agrees with me and my friends’, and everyone else as ‘stupid’. I did 5 minutes of internet research [...]
